Markets & Finance

Network Associates Buys Back McAfee.com


Computer-security software maker Network Associates (NET) says it will buy back the shares of McAfee.com (MCAF) for about $205 million in stock. Network Associates spun off McAfee in 1999 and owns 75% of the stock. Terms: 0.675 NET share for each MCAF share. (3/18)

According to press reports, Micron Technology (MU) has tentatively agreed to buy Hynix Semiconductor's memory chip operations for $3.8 billion and invest another $200 million in Hynix's non-memory chip operations, says an official at Hynix's main creditor bank in South Korea. But a deal could be delayed because of lingering differences over several issues, such as how to deal with Hynix's massive debt, reports the Wall Street Journal. (3/18)

Japanese electronics giants Hitachi (HIT) and Mitsubishi Electric say they are holding discussions to merge their systems LSI businesses - which include microcontrollers, logic, analog and discrete devices - into a joint venture to be set up in about a year. (3/18)

Sabre Holdings (TSG) says it boosted its bid for the 30% of Travelocity.com (TVLY) it doesn't own to $28 a share from $23. Travelocity's board approved the new $420 million deal. (3/18)

Online auction company eBay (EBAY) says it will acquire one-third China's leading auction site EachNet for $30 million. (3/18)

MSC.Software Corp. (MNS) agrees to acquire Mechanical Dynamics (MDII) for $18.85 cash per share, or about $120 million. (3/18)


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